Headlines on EU politics

Daily digest: The week of German turnarounds

Today the EU finance ministers meet in Copenhagen to discuss especially one thing. As described earlier this week, Angela Merkel made a huge turnaround on a European firewall, and opens for the finance ministers to discuss the amount of the bailout fund. They’ll need to agree on a size of the coming bailout fund big enough to send a signal to the rest of the world, that they can take care of a potential coming crisis in one of the fragile states in the southern Europe.

The finance ministers was expected to discuss the financial transaction tax as well, but since the German finance minister Wolfgang Schäuble also made a turnaround on this subject earlier this week, the issue is off the agenda, when finance ministers meet today. The German government has so far been very much in favor of the tax, but are under pressure from their coalition parties that does not accept the tax. Also the centre-left opposition in Germany is now demanding new measures from the government to stimulate eurozone growth as the price of their support for the fiscal compact.

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